Property News Updates

The prices of private residential properties has decreased by 1.1% in last Quarter of 2014, higher than the 0.7% decline in the previous quarter. This was the fifth straight quarter of gradual price decline. For the year 2014 as a whole, prices of private residential properties have decreased by 4.0%, compared with an increase of 1.1% in 2013. This is the first year of overall price decline since 2008.